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Exchange Rate Policy and Monetary Strategy Options in the Philippines
			: The Search for Stability and Sustainability

Exchange Rate Policy and Monetary Strategy Options in the Philippines : The Search for Stability and Sustainability »

Volume/Issue: 1997/4

Series: IMF Policy Discussion Papers

Author(s): Aerdt Houben

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1997

DOI: http://dx.doi.org/10.5089/9781451973341.003

ISBN: 9781451973341

Keywords: Exchange rate policy, Exchange rate regimes, Monetary policy, Philippines, exchange rate, central bank, nominal anchor

This paper evaluates the Philippines’ experience with different exchange regimes since 1970. It argues that the shift to a flexible regime was crucial to restoring external viability and generating an export...